Roper Technologies (NYSE:ROP) Reaches New 1-Year Low - Should You Sell?

Shares of Roper Technologies, Inc. (NYSE:ROP - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $508.20 and last traded at $508.49, with a volume of 126621 shares trading hands. The stock had previously closed at $514.64.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROP. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Truist Financial restated a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays reiterated an "underweight" rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an "outperform" rating and a $630.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $624.11.

Roper Technologies Stock Down 1.5 %

The firm's 50 day simple moving average is $545.89 and its 200-day simple moving average is $548.94. The company has a market cap of $54.38 billion, a price-to-earnings ratio of 37.10, a P/E/G ratio of 2.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. Roper Technologies's dividend payout ratio is 24.14%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company's stock.

Institutional Trading of Roper Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Roper Technologies in the second quarter valued at about $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $28,000. Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies in the second quarter valued at approximately $31,000. Global Wealth Strategies & Associates purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC acquired a new position in Roper Technologies during the second quarter worth $42,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.